Quitclaim Deed Delete Comments For Free

Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners divorce and one spouse's name is removed from the title or deed.

In most states, there is a period of two years following the deed's filing date during which the quitclaim deed can be contested. If either the grantor or grantee wants to challenge the validity of the quitclaim deed, the challenge must be made during this time period.

If you are facing a quitclaim deed challenge, you should talk to an attorney. Gather any proof you have about the execution of the deed including: People who can testify they witnessed the quitclaim executed. Proof of the grantor's intent, such as letters or emails.

If you're in the market to buy a new house, understand that a quitclaim deed can expose you to all kinds of legal issues, ownership disputes and other headaches. By far the biggest downsides to this type of deed include: No protection from title defects. No guarantee of the grantor's right to sell.

Firstly, unless you signed a deed of transfer with a power of revocation, you cannot now change your mind or force the reverse of the transfer. A deed with a power of revocation is very uncommon. A power of revocation is where a person gives a gift, such as in this case, the farm, but has a right to take it back.

Be sure of your intent before executing a quitclaim deed, as the only way to revoke one is to create another to take its place.To revoke the original quitclaim deed, you need the cooperation of the current grantor. A grantee cannot initiate and execute a new quitclaim deed on her own.

Quitclaim deeds are useful in title-clearing actions or simple transfers between family members or in a divorce. They are not useful in sales or other cases where a more firm guarantee of ownership on the part of the guarantor is needed.

Quitclaim deeds (sometimes erroneously called "quit claim deeds" or "quick claim deeds") are legally binding documents that do not require a lawyer's time to fill out and file.

The biggest risk to using a quitclaim deed is that there are no guarantees of actual ownership, so you might not actually have a legal right to own the property. In a worst-case scenario, a grantor could transfer the property title to you and lie about being the true owner.

A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.